41% of Russell 2000 companies now have negative earnings
This number is up more than 2x since 2006
And is comparable to levels seen during the peak of 2008 Financial Crisis
This is not sustainable pic.twitter.com/CTN5a9ayaw
— Game of Trades (@GameofTrades_) August 8, 2024
Certainly not ruling out the summer 07 playback of a rally to ATHs fueled by whipsaw ‘positive’ data, soft landing narrative into rate cuts – although most critical thing will be to see if the July high now holds or not.
— Don Johnson (@DonMiami3) August 8, 2024
S&P500
How we lookin?
Update:
Probable path. t.co/KW6j0mWDfc pic.twitter.com/GbxNFdhyRv
— The Great Martis (@great_martis) August 8, 2024